NEW YORK (Reuters) - If you are worried about the Western middle class - and we all should be - you may have started to have some doubts about the virtues of flexible labor markets. In theory, flexible labor markets should make our economies more productive, and all of us richer, by making it easier
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CNBC's Steve Lieman provides a preview of New York Fed President William Dudley's briefing on the labor market, economy and Fed policy, with Allen Sinai, Decision Economics and John Lonski, Moody's Capital Markets Research Group.

"We're only just trending water in the labor market," says Eric Rosengren, Boston Fed President, commenting on the outlook on employment and discussing why he thinks the Fed needs "an open-ended" policy on quantitative easing and expand its portfolio ...

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A trader passes by a screen displaying the tickers symbols for Bristol-Myers Squibb and Intelsat, Ltd. on the floor at the New York Stock Exchange, April 25, 2013. World equity markets advanced on Thursday as solid corporate earnings and data indicating the U.S. labor market remains resilient despit